Hon’ble President on June 06, 2018 gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. These Sections shall come into force with immediate effect. An attempt has been made in this document to shed light on the key changes in the insolvency legislation.
Ministry of Corporate Affairs (MCA) vide its commencement notification dated May 07, 2018 has notified 27 Sections of the Companies (Amendment) Act, 2017. An attempt has been made in this article to provide an overview of the changes in the law.
A fiscal deficit of 3.3% of GDP is proposed for 2018-19. This has been conservative approach by the govt. considering the impact of GST & Demonetization in the prior years.
CS Rahul Jain, Hyderabad BACKGROUND: The Companies (Amendment) Bill, 2017 was a result of the long consultative process undertaken by the Companies Law Committee constituted by the Ministry of Corporate Affairs, Government of India in an attempt to make recommendation on various issues in implementation of the Companies Act, 2013. The Companies (Amendment) Bill, 2017 […]
